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Last week, Viet Nam News asked its readers whether tourism industries are at risk in countries where dogs are eaten and whether a boycott of countries would be reasonable. Here are some of the comments: Nguyen Le Quan, Ha NoiI don't eat dogs and also find this very unusual. I can understand how terrified dog-lovers around the world feel knowing that their beloved pets are eaten in Viet Nam and elsewhere in Asia. But boycotting a country because of this is something I consider awkward and useless. It certainly would not change the Vietnamese people's eating habits, which is rooted in centuries of history. Let's imagine, would you stop painting your house with your favourite colour because your neighbours don't like it? Certainly not. Isn't the decision to eat something also a very personal choice? Isn't it a so-called human right? So please, respect it whether you like it or not. You may feel it's ridiculous, but I think eating dogs or other strange things here is a cultural element … [Read more...] about Tourism likely won’t be hurt by Viet Nam’s dog-eating tradition

Military Bank transfers equity in MCredit to ShinseiMilitary Bank (MBB) has completed procedures to sell 49 per cent stake in its consumer finance arm MCredit Finance Company to Japan’s Shinsei Bank and changed it into a two-member company.The inauguration of MB Shinsei Finance Limited Liability Company took place on Thursday. Military Bank holds 50 per cent stake, Shinsei Bank owns 49 per cent and Xuân Thành Investment Development & Construction Co has 1 per cent.The two sides in November 2016 signed an agreement on equity transfer, facilitating the Japanese bank’s entry into Việt Nam’s consumer finance market.The value of the deal has not been disclosed.Military Bank is the second bank after HDBank that has sold half its capital to Japanese partners.According to Lưu Trung Thái, vice chairman-cum-general director of MB Shinsei Finance, the two most successful companies in Việt Nam needed more than five years, or even 6-8 years, to … [Read more...] about BUSINESS IN BRIEF 6/11